What is the Historic and Current Scenario of the Land Survey Equipment Market?
The land survey equipment market has seen considerable growth due to a variety of factors.
• The market size of land survey equipment has seen a significant upswing in the past few years. This market will expand from $8.19 billion in 2024 to $8.92 billion in 2025, growing at a compound annual growth rate (CAGR) of 8.9%.
The surge in growth during the historic period is due to factors such as easier access to geospatial data, technological advancements in remote sensing, conservation and management of the environment, developments in mapping and geographical information systems (GIS), industrialization, and exploration of resources.
What Can Be Expected from the Land Survey Equipment Market in the Coming Years?
The land survey equipment market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for land survey equipment is anticipated to experience robust growth over the forthcoming years. By 2029, it is projected to reach a value of $12.21 billion, indicating a Compound Annual Growth Rate (CAGR) of 8.2%.
This predicted growth during the forecast period is associated with an uptick in infrastructure projects, increased demands in the real estate sector, urban development expansion, the rise of geospatial applications, and a focus on environmental monitoring and conservation. Forecasted trends in the same period highlight sustainable and environmentally-friendly solutions, smart and interconnected instruments, creation of user-friendly interfaces, implementation of automation and robotics in surveying, and an emphasis on precision and accuracy.
What Are The Essential Drivers Behind The Growth Of The Land Survey Equipment Market?
The escalation in activities in the construction industry will likely spearhead the development of the land survey equipment industry. The former involves all processes related to the conceptualization, planning, and implementation of structures and infrastructure, which covers residential, commercial, and civil engineering operations. Land survey equipment, integral to construction, is utilised to meticulously chart and evaluate features of the land. This instrumental tool guarantees precision when laying foundations and enables strict adherence to the particulars of the project. To exemplify, the Office for National Statistics disclosed in a report by the British Government in November 2023, that the total value of new work in the construction sector across Great Britain hit an all-time high, amounting to £132,989 million - a climb of 15.8%. This augmentation was instigated principally by an uptick in private sector projects valued at £14,093 million, and also by an increase in public sector work amounting to £4,068 million. As a consequence, this development within the construction industry is stimulating the advancement of the land survey equipment market.
How Is the Land Survey Equipment Market segmented?
The land survey equipment market covered in this report is segmented –
1) By Application: Inspection, Monitoring, Volumetric Calculations, Layout Points, Other Applications
2) By Solution: Hardware, Software, Services
3) By Industry: Transportation, Energy And Power, Mining And Construction, Forestry, Scientific And Geological Research, Precision Agriculture, Disaster Management, Other Industries
4) By Product: Global Navigation Satellite System (GNSS), Total Stations And Theodolites, Levels, 3D Laser Or Laser Scanners, Unmanned Aerial Vehicles (UAVs), Other Products
5) By End User: Commercial, Defense, Service Providers
Subsegments:
1) By Inspection: Quality Control Inspections, Structural Inspections, Infrastructure Inspections
2) By Monitoring: Environmental Monitoring, Land Use Monitoring, Geodetic Monitoring
3) By Volumetric Calculations: Earthwork Calculations, Stockpile Volume Calculations, Cut And Fill Volume Calculations
4) By Layout Points: Site Layout For Construction, Surveying For Pipelines And Utilities, Road And Highway Layout
5) By Other Applications: Geographic Information Systems (GIS), Land Development Planning, Agricultural Surveying
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What New Trends Are Influencing the Land Survey Equipment Market?
Leading businesses within the land survey equipment market are focusing their efforts on innovating solutions like geospatial services to promote efficiency and optimize profits. Geospatial solutions encompass technologies and services that allow for the analysis and interpretation of spatial data, enabling location-based decision-making, mapping, and visualization. For instance, eSurvey GNSS, a manufacturer and exporter of land survey equipment based in China, released four new products in October 2022 - eRTK10 GNSS Receiver, eTS8 Total Station, eHLS1 LiDAR Scanner, and eSA2 Portable Smart Antenna. These modified and upgraded offerings enhance efficiency across a range of industries such as construction, land survey, and agriculture. The eRTK10 integrates visual technology for immersive 3D stakeout, and the eSA2 offers high-level positioning data to Android and iOS devices. The eHLS1 Handheld Lidar Scanner employs precise SLAM technology for 3D reconstruction without relying on GNSS, while the eTS8 Total Station guarantees dependable and precise outcomes in survey tasks.
Who Are the Key Players in the Land Survey Equipment Market?
Major companies operating in the land survey equipment market include:
• Hexagon AB
• Garmin Ltd.
• Trimble Inc.
• Fugro NV
• MiTAC Digital Corporation
• Topcon Corporation
• Leica Geosystems AG
• Shanghai Huace Navigation Technology Ltd.
• Suzhou FOIF Co Ltd.
• CHC Navigation Hudaco Industries Limited
• Novatel Inc.
• M&P Survey Equipment Ltd.
• GeoMax AG
• Ansari Precision Instruments Private Limited
• Kolida Instrument Co Ltd.
• Survey Copter
• Changzhou Dadi Surveying Science And Technology Co Ltd.
• Sokkia Co Ltd.
• PASI Srl
• South Surveying And Mapping Instruments Co Ltd.
• Hi-Target Surveying Instrument Co Ltd.
• V.I Instruments Industries Limited
• Geotrax International Services Inc.
• Jafri Survey Instruments
What Is The Most Dominant Region In The Land Survey Equipment Market?
Asia-Pacific was the largest region in the land survey equipment market in 2024. The regions covered in the land survey equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
